FIFO

FIFO stands for "First In, First Out." It's like lining up for a school bus—those who arrive first get on the bus first. In the same way, FIFO organizes things so that the items that come in first are the ones that get used or shipped out first.

Imagine your toys are stacked in a tower. FIFO helps manage these toys so that the ones at the bottom, which were put there first, are the ones you take out first. It's fair and helps keep things organized.

FIFO helps to use the warehouse space wisely. It's like playing a game of Tetris, where you fit things together neatly to create more room.

Using FIFO makes the warehouse work more smoothly, like a well-organized team. It's easier to find and handle things.

When you use things in the order they arrive, it's like eating the food before it gets old. FIFO helps control quality by making sure older items are used or shipped first.

If there's a guarantee or warranty on products, FIFO ensures that older items are sold first. This way, you're using or selling items before their warranties expire.

So, FIFO is like a fair way of managing things in a warehouse, making sure everything is organized and used efficiently!